Register
Mr. Sprocket borrows $3,500 from his bank to buy a used car. The loan has a 7.4% annual simple interest rate. If it takes Mr. Sprocket two years to pay back the loan, what is the total amount he will be
174k views
5 votes
Mr. Sprocket borrows $3,500 from his bank to buy a used car. The loan has a 7.4% annual simple interest rate. If it takes Mr. Sprocket two years to pay back the loan, what is the total amount he will be paying?

User Shaun Lebron
by
8.0k points

1 Answer

5 votes

Answer:

the correct answer is $4018


User Lmars
by
7.7k points
← Prev Question Next Question →

Related questions

User Everyman
asked Mar 16, 2024 115k views
".If the maximum chain speed for a sprocket having 19 teeth is 750 fpm, estimate its minimum chain speed.
Everyman asked Mar 16, 2024
by Everyman
8.5k points
1 answer
1 vote
115k views
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Write words to match the expression. 24- ( 6+3)
The cost of 5 similar digital cameras and 3 similar video cameras is 3213. Each video camera costs 4 times as much as each digital camera. John buys a digital camera and a video camera. How much does he
Mr. Jacob is 55 years old and tony is 7 years old. in how many years will mr. Jacobs be 4 times as old as Tony
Link Copied!